Once a Conditional Certificate is issued, the applicant must complete the project within three years; one two-year administrative extension is available. An email will be sent several days before the webinar you have registered for with the link and other material. Youll need to contact properties and ask about their current availability. Mailing Address: These guidelines limit the maximum rents that may be charged, and the incomes of eligible tenants, to ensure that housing is affordable to those who need it. Income and Rent Guidelines ARCH establishes income and rent guidelines for a range of affordable housing projects across East King County. This property participates in the City of Seattle Multifamily Property Tax Exemption (MFTE) Program. aptfinder | Low Income Housing at AptFinder.org Affordable rental housing - Human Resources - University of Washington The program authorizes 8, 12 and 20-year property tax exemptions to encourage the development of multifamily housing. For new buildings, SHAs Owner Liaison will reach out to set up time to discuss the HCV program and set up a pre-inspection of your units; Housing Counselors will share information about your rentals with our voucher holders. 855 affordable units were officially added to Seattle's MFTE rolls in 2016, while one building with 12 affordable units saw its tax exemption expire along with the rent restriction. State law sets specific standards as to what can qualify as a target area, detailed below. There are many arguments for and against allowing students to qualify for MFTE units, and programs on both sides of the fence. Businesses making retail sales in Washington collect sales tax from their customer. 4 0 obj endobj Floor Plans of Crew Apartments in Seattle, WA - Live at Crew State Report Deems MFTE's Role In Boosting Housing Production MFTE - Sora Apartments Seattle WA 1-3 Beds. The Seattle City Council adopted MFTE in 1998 and reauthorized the program, with amendments, five times since then. Find Affordable Housing: A list of resources to find affordable apartments Know the Law: A clearinghouse of local regulations and laws related to housing Affordable rental housing through Seattle's MFTE program To secure the longer exemption period, the property must meet a minimum affordable housing standard. For 2 Bedroom - 85% Median Income. (Page last updated 6/12/2019). Multi-Family Tax Exemption Program | Seattle Housing Authority Indigo Real Estate Compliance Specialist in Seattle, WA | 823181914 These rent-restricted units are available only to tenants who earn less than a certain percentage of the areas median income. MFTE & Affordable Housing Apartment Homes in Seattle Apply Today MFTE & Affordable Housing at Emerson Emerson is proud to offer a select number of income-qualified apartment homes through three different affordable housing programs, including MFTE, to make high-quality apartment living more attainable in the Seattle community.

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